Inscription Capital LLC Acquires 9,604 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Inscription Capital LLC has grown its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 24.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,226 shares of the e-commerce giant’s stock after purchasing an additional 9,604 shares during the period. Amazon.com comprises 3.1% of Inscription Capital LLC’s portfolio, making the stock its 8th largest holding. Inscription Capital LLC’s holdings in Amazon.com were worth $9,140,000 as of its most recent SEC filings.

Several other large investors have also made changes to their positions in the company. Trust Co of the South bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $1,918,000. Park Avenue Securities LLC grew its stake in shares of Amazon.com by 5.6% in the 1st quarter. Park Avenue Securities LLC now owns 256,964 shares of the e-commerce giant’s stock valued at $46,351,000 after buying an additional 13,555 shares in the last quarter. Legacy Financial Group LLC grew its stake in shares of Amazon.com by 733.5% in the 1st quarter. Legacy Financial Group LLC now owns 15,169 shares of the e-commerce giant’s stock valued at $2,736,000 after buying an additional 13,349 shares in the last quarter. Yarbrough Capital LLC grew its stake in shares of Amazon.com by 100.5% in the 1st quarter. Yarbrough Capital LLC now owns 1,726,694 shares of the e-commerce giant’s stock valued at $311,461,000 after buying an additional 865,386 shares in the last quarter. Finally, American National Bank increased its stake in shares of Amazon.com by 8.0% in the 1st quarter. American National Bank now owns 202,648 shares of the e-commerce giant’s stock valued at $36,554,000 after buying an additional 14,925 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.6%

Shares of NASDAQ AMZN opened at $189.08 on Friday. The stock has a market cap of $1.97 trillion, a PE ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14. The business has a fifty day moving average of $182.78 and a two-hundred day moving average of $171.54. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings date on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMZN shares. UBS Group boosted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Telsey Advisory Group increased their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $215.37.

Get Our Latest Research Report on AMZN

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Amazon.com Stock Up 1.6%

Analyst Upgrades and Downgrades

Insider Activity at Amazon.com

Amazon.com Company Profile

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